MDA (OTC:MDALF) Trading 0.8% Higher – Here’s Why

MDA Ltd. (OTC:MDALF)’s stock price was up 0.8% on Wednesday . The company traded as high as C$19.93 and last traded at C$19.76. Approximately 20,160 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 62,309 shares. The stock had previously closed at C$19.60.

Analyst Upgrades and Downgrades

Several research analysts recently commented on MDALF shares. BMO Capital Markets reiterated an “outperform” rating on shares of MDA in a research note on Tuesday, September 9th. Scotiabank reaffirmed an “outperform” rating on shares of MDA in a research report on Tuesday, September 9th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, MDA has an average rating of “Buy”.

MDA Stock Up 0.8%

The company has a fifty day moving average of C$18.90 and a two-hundred day moving average of C$24.45.

About MDA

MDA Space Ltd. designs, manufactures, and services space robotics, satellite systems and components, and intelligence systems in Canada, the United States, Europe, Asia, the Middle East, and internationally. The company offers geointelligence solutions that use satellite-generated imagery and analytic services to deliver critical and value-added insights in the areas of national security, climate change monitoring, and maritime surveillance; owns and operates commercial data distribution for its satellite RADARSAT-2; and distributes high resolution optical imagery, satellite-based automatic identification system data, and radio-frequency data for other third-party missions.